Formula 1 = Formula Money

So the experts name the glamour of F1 as a positive, and yet they want to ban grid girls bringing glamour to the grids..... very sensible

 

No wonder Gene Haas is not a happy camper . . .

 

I'll assume the F1 team revenue includes apparel and souvenirs. I'll also assume any promotional events held by the team are included in the costs and that there likely isn't much if any revenue as it's probably no-fee for their sponsors/supporters.

With that said, 2.3m GBP "loss" is fantastic considering all of the "free" global marketing they get through F1 and especially since they win/podium basically every race. It's probably hard to quantify as MB is already strong globally, but it definitely added more than 2.3 GBP in revenue for the rest of MB and they can use their WCCs for marketing for decades...

You couldn't buy team sponsorship for a WCC winning team for 2.3m GBP as an alternative to running a team yourself.

 

Well something doesn't add up between all those Autosport graphics!:

In post #28, according to Autosport, in 2017 the FOM paid:

Ferrari: £180 Million
Red Bull: £162 Million


But in posts #31 & #32, again according to Autosport, in 2017 the FOM paid:

Ferrari: £140 Million
Red Bull: £125 Million

 

Maybe the pie chart is in US$, and the other numbers in GBP ?

 

Could be - At today's exchange rate it would be:

$180 Million = @ £133 Million for Ferrari
$162 Million = @ £120 Million for Red Bull

So allowing for a variation in the exchange rate when both sets of figures were printed, it could be close to the second set of figures (£140 Million for Ferrari, £125 Million for Red Bull).

That would be some p:censored:ss poor editing by The Autosport if that is the case!

 

JANUARY 11, 2018

Money not enough for F1 rookies says Todt


A well-known driver manager and team chief says F1 is working to ensure only credible drivers make it to the grid.

In recent days, there has been consternation within the F1 world that despite its heritage, Williams will head into 2018 with the pay driver duo of Lance Stroll and Sergey Sirotkin.

But Nicolas Todt says the FIA still ensures that drivers are up to the job.

"Having financial support helps, but the super license system set up by the FIA prevents drivers who are not at the necessary level from making it," said the Frenchman, who manages new Sauber driver Charles Leclerc.

"You can have millions to spend, but you still have to do significant performances to reach the required (license) points," added Todt, whose father is FIA president Jean Todt.

"Despite the complicated economic reality facing several teams, I think the level in F1 has never been as good," said Todt, also involved with a Formula 2 team.

"Having said that, F1 must be careful not to convey the image of a paid sport," he told Auto Hebdo.

"The effect would be a deterrent for everyone, including families who would be discouraged from starting karting from the beginning. Access to F1 must continue to be mainly on merit," Todt added.

Frederic Vasseur, the Sauber boss who has just signed Leclerc for 2018, agrees that despite the economic situation, F1 is enjoying an incredible influx of young talent.

"In my view, all of the most promising drivers came into F1 in the past two or three years," he said. "Ocon, Gasley, Vandoorne, Leclerc, and even Norris and (George) Russell, who will probably make their debut as well.

"It was not always like this," added Vasseur.

"We now have a fairly simple mechanism for building a career. If you are competitive and you succeed at the junior level, you have a chance to get into the youth programme of a big team.

"Previously, there was a big gap in this plan and many young drivers were trapped because there were no places for them," Vasseur said.

However, he acknowledges that there are still drivers in F1 who make it primarily thanks to their sponsorship.

"That has always been the case," he said. "However, Stroll or Ericsson came to formula one not be chance -- they still succeeded in the junior series.

"Perhaps without money they would not have got the chance to get into formula one, but they did achieve the necessary results to do so," Vasseur said.

 

Vassuer will wake up with a horses head in his bed tomorrow, courtesy of Lance Snr after that one..... ouch!

 

Naaahhh. I think Stroll can handle a tad more than some whining.

Edit: Let me correct myself. I hadn't even read the quote; 'just assumed by your post that it was anti-Stroll. I see now it's not, so to what do you refer that would offend Stroll?

 

The part at the end attributed to vasseur- However, he acknowledges that there are still drivers in F1 who make it primarily thanks to their sponsorship.

"That has always been the case," he said. "However, Stroll or Ericsson came to formula one not be chance -- they still succeeded in the junior series.

"Perhaps without money they would not have got the chance to get into formula one, but they did achieve the necessary results to do so," Vasseur said.

 

But how's that offensive to anyone? Again, to make it to F1 mucho money is spent by anyone along the way; doesn't matter who's money, it's still spent....

 

Why do I need to explain every comment I ever make to you? Just read the article, and if you don’t agree with my witty comment, don’t worry

 

It's quite apparent you don't "have to" as you never do. I ask only because I don't understand your "wit"......(tee-hee. Is that what it is? Now you've got me chuckling.)
No worries, fer sure.

 

Because it’s hardly a technical observation such as explaining the workings of a ceramic Brake installation, or nuclear physics, it was a joke, and I suspect 99.9% of us here got the joke. If you didn’t, no big deal

 

Oh.